https://www.taxtmi.com/caselaws?id=12608 The Court upheld the Tribunal's decision to restore the reference application dismissed as time-barred, citing the Tribunal's inherent power to correct its mistakes. The maintainability of the reference case referred by the Tribunal was affirmed, with the Court dismissing the assessee's challenge. Regarding the addition of unexplained investments in the name of minor children, the Court found the Tribunal's order for further investigation unjustified. Similarly, the addition of unexplained wealth in the name of the assessee's minor son was upheld, as the source of the wealth was not established satisfactorily. Ultimately, the Court ruled in favor of the Department in both instances. en-us Wed, 31 Oct 2001 00:00:00 +0530 Wed, 20 May 2009 15:26:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12608 The Court upheld the Tribunal's decision to restore the reference application dismissed as time-barred, citing the Tribunal's inherent power to correct its mistakes. The maintainability of the reference case referred by the Tribunal was affirmed, with the Court dismissing the assessee's challenge. Regarding the addition of unexplained investments in the name of minor children, the Court found the Tribunal's order for further investigation unjustified. Similarly, the addition of unexplained wealth in the name of the assessee's minor son was upheld, as the source of the wealth was not established satisfactorily. Ultimately, the Court ruled in favor of the Department in both instances. Case-Laws Income Tax Wed, 31 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12608